Anthony Locicero, Associate Editor12.04.17
Biocides are protective substances used to inhibit the growth of bacteria and other pernicious organisms, including fungi. Biocides come in a variety of forms, such as halogen or metallic compounds, organic acids and organosulfurs. Each plays an integral role in the paint and coatings, water treatment, wood preservation, and food and beverage industries.
The global biocide market may reach $11.9 billion by 2022 – up from $7.9 billion in 2014 – according to Radiant Insights, Inc.
The demand is likely to be driven by a growth in water treatment process units in areas such as China, Japan and India, per Radiant Insights. Growth may also be driven by a growing demand for paints and coatings, which Radiant Insights said is owed to growing infrastructure spending.
David Tierney, global marketing director for Building Products at Lonza, found that the global biocides market grew by 3-4 percent annually between 2015-16.
“We continue to see growth in all regions, with the strongest growth in Asia Pacific,” said Ismael Colon, Ph.D., senior vice president, Science & Technology for Troy Corporation.
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The global biocide market may reach $11.9 billion by 2022 – up from $7.9 billion in 2014 – according to Radiant Insights, Inc.
The demand is likely to be driven by a growth in water treatment process units in areas such as China, Japan and India, per Radiant Insights. Growth may also be driven by a growing demand for paints and coatings, which Radiant Insights said is owed to growing infrastructure spending.
David Tierney, global marketing director for Building Products at Lonza, found that the global biocides market grew by 3-4 percent annually between 2015-16.
“We continue to see growth in all regions, with the strongest growth in Asia Pacific,” said Ismael Colon, Ph.D., senior vice president, Science & Technology for Troy Corporation.
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